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Dear readers,
Since 28 November 2024, the Resolution of the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan dated 28 November 2024 No. 8 “On setting the base rate” has been entered into effect.1
According to the Resolution, the National Bank of the Republic of Kazakhstan has set the base rate at 15.25% per annum.
In addition, according to the Resolution, a corridor has been set for the purposes of calculating interest rates on the main operations of monetary policy:
- with an upper limit at the level of 16.25% per annum;
- with a lower limit at the level of 14.25% per annum.
1 Resolution of the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan dated 28 November 2024 No. 8 “On setting the base rate”